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Search Results 0 to 49 of about 70 (some duplicates have been removed)
.5%, and a similar story for the euro stoxx 50. in new york, trading still under way for the dow jones industrial average, and it is not doing a lot. very little change. the euro trading for $1.3323. >> the chairman of a german steel producer has admitted to making mistakes, saying his supervisory board could have done better, but those mistakes have led to some huge losses for the company. >> the executive dick -- the executive is accused of failing to stop multi-billion dollar projects that went wrong. >> shareholders and employees are pointing the finger at the supervisory board chairman. they accuse him of failing to question bad board decisions. at the general meeting, he fought back, saying he has no intention of stepping down. >> if you ask me whether as a board we could have done things better, i will honestly say yes. we trusted people for too long. we could or should have acted sooner, but we did act once we saw what was going on if we had the appropriate facts, and we acted with resolve. >> hopes for the company's future lie with the new ceo. he fired three top executives last month af
spending millions on their campaigns. his people are young and the international and they are not as euro-skeptic as the majority of czechs. >> i'm afraid of many. the european union is doing now. his opinions are a bit more extreme. >> many people seem to be taking his licks in stride or even liking them. as before voting began, their orders to beating up campaign newspapers in the cafes. >> i'm not sure if this is the right guy for a presidency, but he is an interesting one. >> while he attracts all the media attention, there's little interest in the front runners, like the conservative former prime minister who also once headed the office of statistics. we asked the foreign minister if they oppose the establishment. >> i think they are fed up with politicians. >> it is that sentiment that has gotten him this far in the campaign. commentators have called him a potential king-maker. he is not a politician. his latest opera recently premiered and it is a science fiction work in which amphibian's take over the world. they are too clever for the human. they will show that they can also be c
. the problem is, of course, that he has euro skeptics breathing down his neck in britain in his own party, and i think he is banking on germany and france in particular wanting very much to keep britain in the club, which, of course, they do, but i think he may be puckering too high. the german business community reacted in a very still a way to the threat of but leaving, saying that the german economy would be able to cope with that, though it would of course regret it. even more important, perhaps, the united states reacted very negatively. the relationship between britain and the united states has been the mainstay of british foreign policy for more than a century. yesterday, a member of the state department said that if britain were to leave the european union, that would seriously damage the special relationship between washington and london. >> thank you very much. >> to washington now where u.s. senator john kerry is president obama's choice for the next secretary of state. he has been quizzed by senators ahead of his recommendation. >> the issues like climate change and fighting d
more than 90 billion euros back into greece, spain, and portugal in the final quarter of 2012. that is a jump of 9%. the european central bank president has vowed to save the euro at any price. it is thought to have boosted investor confidence. well, here in germany, consumers are becoming increasingly confident about the future, and as a result, they are spending more money. most importantly, they are spending on big-ticket items and long-term investments like real estate. the record rise in consumer sentiment came after three straight months of decline. >> the latest survey, expectations of higher incomes and declining worries. domestic consumption has been playing a central role. >> germany's traditional -- traditionally known as a nation of savers, but right now, people love to spend. the labor market is robust, financial markets stable, and many consumers feel it is the right time to make big purchases like a new home. that is according to the latest survey of consumer analyst, gfk. respondents have given the overall economic outlook a big thumbs up. >> expectations for t
is weaker against the euro. that's on similar expectations for more monetary easing pressures from the bank of japan. the euro quoted at 120.4 to 1. the euro has gained ground against the yen and the dollar. analysts say that's due to worries over with the euro zone. let's see how this is affecting tokyo stocks. share prices surging across the board. nikkei at 10,828. a gain of over 2% from thursday's close. buying was prompted by more optimistic views about the u.s. economic recovery following strong housing data. let's look at other markets open in the asia pacific. over in australia the benchmark index is trading hie ining high. positive moves so far. tokyo is leading >> on japan clearly that sort of recently announced fiscal and monetary package is intended to create growth in the short term. we don't think that if not associated with a midterm solid anchoring that would actually indicate the determination to change the debt trajectory, reduce the deficit. >> lagarde gave her view on thursday. she supported a 2% inflation target which abe asked the bank of japan to set. she said it's a
in east london, the euro cafe is serving up british toast and italian coffee, and the patrons are discussing the european question. >> we should be allowed a say at some point. >> we are definitely part of europe, and i think we will be too small outside of europe. >> but not all londoners are as pro-eu as those in the euro cafe. >> we definitely need to renegotiate our position. it certainly detracts from what we could contribute to our own economy, which is sorely needed. >> i know we can still means -- retain a relationship with our members without necessarily the party. m a cameron's position is one of a strong britain in a more relaxed european alliance, and he says that is something he will fight for. >> david heyman is making his own position very difficult. britain's fate will hinge on its european partners. -- david cameron is making his own position very difficult. if they do not agree, britain is headed toward the exit door, and this is something the prime minister does not want at all. >> cameron's speech has been troubled for months, and battle lines are already b
. it was a mixed bag. the dax slightly ekes out a gain, about 2/10 of 1%. the euro stoxx 50 was lower. the dow jones industrial average is treading water at 13,509. the euro is dire 0-- higher. the german social democrats are hoping to turn around their falling support in opinion polls by announcing a plan to crack down on income tax evasion by higher earners. the party is planning to make the issue a top campaign topic in the national elections that are taking place letter -- later this year. >> they have been meeting and they and build that plant, which even some inside the party say will not raise -- been meeting and they unveiled that plan, which even some inside the party say will not raise support. >> the social democrat challenger for chancellor says this must stop. >> if the vast majority of german taxpayers feel as if they are the stupid ones for being honest about paying taxes, it begs the question how just is the system in this country. >> the social democrats are calling for a number of measures, including rescinding the licenses of banks accused of systematically helping tax dodge
to add to the 93 million euros of aid it has already sent, both to help mali and neighboring countries like niger where tens of thousands of people have already taken refuge. >> moving to the czech republic and our voting has begun to let the country's new president. around 8 million voters are choosing between two candidates. the foreign minister, the heir to one of central europe's wealthiest aristocratic families. >> he is taking on the former prime minister, to replace the current president. the vote is the country's first direct presidential election with a final day of voting on saturday. the russian parliament has given its initial backing today to a bill that would ban what it calls homosexual propaganda. >> critics say the bill could lead to gay people being fined for demonstrating or even kissing in public. >> there were skirmishes ahead of the parliamentary vote. orthodox activists disrupted a protest by gay rights campaigners before it had even started. demonstrators against the bill say are just fighting for civil rights. >> i am liberal. i am for freedom for all. for gay
. investigators are saying that the bank manipulated the euro bor. it influences interest rates from everything on home mortgages to car loans. deutsche bank is under investigation for manipulating the libor, the more widely used london interbank interest rate. the dax finished within striking distance of two-year highs. our correspondent sent us this summary of the first trading day of the week. it is yet another unfavorable --, it is yet another unfavorable -- >> it is yet another unfavorable report about an investigation into deutsche bank. penalties could be hefty. still, people are quite relaxed. deutsche bank going up for the day. the trading day was relatively quiet and relaxed, but the level remains high. that high level is part of the reason why boom this bank -- the bundesbank says that germans are richer than ever before. half of the wealth -- the growth in wealth was attributable to the enormous rise in share prices. >> the dax finished down by 1/3 of 1%. the euro stoxx 50 pretty much flat. the dow trading down just slightly. the euro trading at a value of 1.3452. well, who is going
banking giant as it post more than 2 billion euros in quarterly losses. >> and tornadoes batter six u.s. states in the southeast of the country. >> syria has summoned the head of the united nations mission in israeli-occupied territory. the issue is an israeli air raid on what syrian officials say was a military research center near damascus. >> the arab league has also condemned the strike, but the actual target is still not exactly clear. some reports suggest a weapons convoy believe to be carrying russian-made anti-aircraft missiles from syria into lebanon. >> we will speak to an expert on the region later. first, this report. >> the israeli government has not issued any statement, but national papers are full of the news. u.s. officials say the raid targeted a weapons convoy headed for members of hezbollah, an ally of the syrian president. but the syrian government denied the existence of the vehicles, saying the israeli planes bombed a research center near damascus. russia says the facts are not yet clear but adds that any air strike would be completely unacceptable. >> we are an
is down in general. the dax loses 1% at the moment. the euro stoxx 50 is down by 0.75%, waiting for wall street, opening up significantly lower, and the dollar -- the euro is also significantly down. and at air berlin is to cut 900 jobs in the next two years. that is one in 10 of its workers, but it has not said which jobs will be going. >> berlin has been making a loss for years, and the job cuts are part of a plan to save 400 million euros. berlin says it wants to focus on its most profitable routes in germany, switzerland, and austria. during the cold war, germany's bundesbank took a bet by soaring gold reserves around the world and left in there after the collapse of communism. >> last year, official auditors point out that official stockpiles abroad have never actually been counted. >> plans are afoot to bring the bars back home, or at least some of them. >> at least he knows what he has in his hands -- his golden globe is nothing more than a thin layer of 24 karat gold covering up something much less precious, and there is no doubt about the quality of the gold in the bundesbanks e
is concerned about europe's debt crisis. it is calling for too much as 50 million euros in investment paid for by a tax on the wealthy. >> it would be an affordable contribution that would greatly help the people of europe. >> the unions know that the left of central liberal democrats support the plan. other parties will be hard to convince. >> in a moment, we will look back at the shipwreck a year ago. first, a look at headlines across the world. the berlin mayor has survived and a -- a vote of no- confidence. he has agreed to step down as head of the supervisory board. the greek parliament has approved tax hikes led to bring in an extra 2.5 billion year rose in the next 8 years. there is a new -- 2.5 billion euros in the next two years. clashes in the northern ireland capital of belfast continue. rocks and bombs were thrown at police who responded with water canyons -- water cannons. the process were against limiting the days been british flag flies outside city hall. there were more than 4000 people on board the costa cord ia when it crashed one year ago. many people are still coping wi
of the health of the joint european currency, the euro. and whether, in fact, the european union as it has come to be known would remain with one of its largest members. prime minister david cameron earlier this week dropped a bomb that he was going to later in this parliamentary term in a couple of years put britain's continued membership in the european union to a vote. and right now the union is not very popular among british politicians. so perhaps feeling the heat at home, cameron is responding this way? >> and what about the relationship with angela merkel of germany who put a tremendous amount of her own personal credibility on the line to help prop up the currency? >> well, you know, britain has long brideeled-- bridled under the rules that accompany its membership in the european unionment and david cameron has been hinting that the price of staying might be negotiating a better deal for his country in some of the areas that the european union governs. >> well, angela merkel and other european politicians in response have said, wait a minute, britain can't work out os own special deal.
of the health of the joint european currency, the euro. and whether, in fact the european union as it has come to be known would remain with one of its largest members. prime minister david cameron earlier this week dropped a bomb that he was going to later in this parliamentary term in a couple of years put britain's continued membership in the european union to a vote. and right now the union is not very popular among british politicians. so perhaps feeling the heat at home cameron is responding this way? >> and what about the relationship with angela merkel of germany who put a tremendous amount of her own personal credibility on the line to help prop up the currency? >> well, you know britain has long brideeled-- bridled under the rules that accompany its membership in the european unionment and david cameron has been hinting that the price of staying might be negotiating a better deal for his country in some of the areas that the european union governs. >> well angela merkel and other european politicians in response have said, wait a minute britain can't work out os own special deal. the
a boost to shares said that the dax is up by nearly 1%. euro stoxx 50 rising by about 0.75%. there have been some hints that the debt crisis might be solved and that many states are in a pretty good way. >> thanks for that. >> it is election year here in germany. this september, angela merkel will bid for another four years running the country, and this weekend, there's an early test for her coalition. >> ahead of that, merkel and her government have been touting their economic credentials today in parliament. their message -- while growth is slowing this year, germany has weathered the euro crisis pretty well. >> merkel is counting on that message winning the day both this weekend and in september, but the opposition has other ideas. >> with an important state election coming up this weekend in lower saxony, the campaign rhetoric is getting hotter. reporting on the condition of germany's economy, the economics minister was keen to take as much credit as possible for record employment numbers, rising income, and falling debt. >> it is no accident that our economy is in good shape. it is
1%. euro stoxx 50 rising by about 0.75%. there have been some hints that the debt crisis might be solved and that many states are in a pretty good way. >> thanks for that. >> it is election year here in germany. this september, angela merkel will bid for another four years running the country, and this weekend, there's an early test for her coalition. >> ahead of that, merkel and her government have been touting their economic credentials today in parliament. their message -- while growth is slowing this year, germany has weathered the euro crisis pretty well. >> merkel is counting on that message winning the day both this weekend and in september, but the opposition has other ideas. >> with an important state election coming up this weekend in lower saxony, the campaign rhetoric is getting hotter. reporting on the condition of germany's economy, the economics minister was keen to take as much credit as possible for record employment numbers, rising income, and falling debt. >> it is no accident that our economy is in good shape. it is no accident that new jobs are being create
at the dollar/yen. firmly at 90.96 to 98. we did see it touching 90 at one point. euro/yen, 122.44 to 49 as well there. the euro gaining against the yen as well. so that's going to be an interesting factor to see how that plays into today's markets as well. ai? >> what key data can we expect this week other than earnings reports? >> we're going to go through quite a few, but of course the perils due out on friday. also some manufacturing and housing data to two other key areas, which analysts will be looking at closely, the big drops numbers on friday. we'll see if we can retest that 11,000 level. ai, back to you. >> thanks a lot for that update, ramin. ramin mellegard from the tokyo stock exchange. ramin just mentioned jobs data, so let's see what's happening on the global scene this week. first on wednesday, the preliminary estimate for economic growth for september of 2012 will be released. they had released a q4 gdp from the first quarter. also the fomc will be opening up its meeting. as people around the world take measures to shore up their committees, they're looking to see what the fed w
for paris cac 40 about a quarter percent higher. the dollar and euro are maintaining up ward momentum. dollar/yen is currently at 89.80. euro yen is changing hands at 119.96. the currency touched the 116 yen level at one stage during this week. the yen is facing selling pressures due to strong expectations that the bank of japan will ease credit further. >>> a japan based free phone and messaging service called line is spreading fast. company officials say the number of users topped 100 million on friday. pretty exciteed. the service via smartphones is provided by nhn a subsidiary of a south korean i.t. firm in japan. senior nh officials and employees got together at the company's headquarters on friday to celebrate the milestone. the service started in june of 2011. it took on lie 19 no, sir reach that 100 million mark. that's faster than facebook. nh officials say more than 40 million users are here in japan but the service is also very popular in south korea, taiwan and middle eastern countries. companies and public institutions are using the service for advertising and public rela
. if these companies are going to want an ever closer union as a result of the problems created by the euro, why should britain not want to take advantage of the changing your pandemic to give britain a chance to become more competitive? the changes going to happen. we want that changed to be a direction that suits the british people. >> i can see you gesticulating. did you want to come in? >> we have become competitive within the european union. germany has given the example, we were able to become competitive. we of a higher debt ratio the most of the member states in the eurozone. higher unemployment questions. this has nothing to do with the european union, other countries have shown that you can be successful within the european union. here we would like to cooperate with britain, as germans we would like to have them in, but to change the conditions of the treaty, we would do better through legislation. >> dr. fox, you are on the record as welcoming this speech, but some will question what is your welcoming. for starters, we do not know what the renegotiated union would look like. on the one hand
long. euro/dollar, who cares about that one today? let's talk more about china. we'll head out to hong kong for in-depth analysis. intel giving investors the jitters with a disappointing forecast and a massive increase in capital spending. we'll look at those figures just after 10:20 central european time. 16 minutes later, we'll head out to bangor to talk to the ceo of wipro. >>> and the hostage crisis continues in algeria. we'll have the latest news right after the break. stay with us. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> welcome back to the program. a spokesman for the british foreign office says the uk government has received no words that the hostage crisis in algeria is over. most of the reports suggests dozens might have been killed during a rescue operation carried out
policy response generally to the european union, the euro project, i should say. we have the euro group separately meeting. we have this little issue of cypress. in terms of gdp, it's little. politically, though, it could be much more significant. tie this altogether for us. how important is an essential change of power in germany to these continued effort to resolve the crisis in cypress or other member states? >> i think the key issue is that germany is a big importer from spain, italy and the periphery. if the german numbers weaken, we'll see that later in a periphery. >> especially through spain. >> ultimately, this is really an economic story. the periphery are a lagging indicator of what's going on in germany. my concern is sooner or later, these peripheral equity may start to be under pressure again. what are your positions on debt? >> i think at this stage we're still comfortable with the core. the reason, there's probably another risk off take his. whatever the reason behind it, it tends to protect the periphery, not the core. for example, france continues to perform very, very
, and it is lower. as for the euro against the dollar, it is declining. >> when we come back after a short break, the small town in eastern germany that has declared war on the far right npd, as they try to gain a foothold there. >> that and more after the break. >> stay with us. >> thanks for staying with us. >> welcome back. we begin with the story of a small town in eastern germany that has seen the far right npd party convince many residents to give it its support. some have organized to resist that. >> and they have been recognized by germany's jewish community. the group emerged to resist the influence of the neo-nazi npd. the npd set up major headquarters in the town several years ago. >> the party quickly turned into a powerful force. here is a story of how locals who objected organized. >> pretty houses and clean streets. it looks idyllic, but appearances can deceive. there's no industry, and there are few jobs. many young people have moved away. yet, one group is moving in in increasing numbers -- right wing extremists from western germany. leaders of the far right npd party have chose
market expectations. taking a look at the euro against the yen, that's quoted at 118.29-32. let's take a look at stocks now. tokyo share prices are lower. as the yen is gaining ground. the nikkei average trading at 10,651. that is a loss of a little over half a percent from tuesday's close. market sources say investors are selling many stocks but especially export-related issues, and that is due to the yen's strength as well as the fact that the b.o.j.'s measures were almost as anticipated. okay. in other asian markets we are seeing seoul regain that 2,000 level. it is up by 1/5 of a percent at the moment. taking a look at australia, the benchmark index is trading higher by a third of a percent at 4,794. >>> well, the japanese government plans to help the ship-building industry in the northeast region which was hit by the march 2011 disaster. the government plans to subsidize ship builders when they jointly build facilities such as dry docks. the subsidies will cover 2/3 of the cost. in the earthquake and ensuing tsunami 37 ship-yards along the pacific coast were severely damaged. infr
in moscow. >> stocks rose today as the euro hit an 11-month high. investors took heart that europe's financial crisis may have eased. it is ironic as the situation improves, the real economic situation for many europeans its worst -- gets worse. the british economy shrunk more than expected. the belgian economy is just as bleak. throughout northern and southern europe, the fear is losing your job. >> the fire has been burning for three months fell, who arming the striking workers. they are the latest victims of europe's economic crisis. say goodbye to the sprawling ford factory in eastern belgium. it is shutting down. with europe in recession, they are not selling enough vehicles. >> is a disaster for the region. 11,000 jobs were lost. we hope there are other jobs. >> i am feeling very insecure. i am feeling very insecure for the future. >> insecure and angry, which is why the workers have impounded 7000 cars. it is a new bargaining chip in their negotiations. what is happening shows how the eurozone debt crisis is becoming an economic and social crisis across the whole of europe.
, there is some growing optimism that greece will remain in the euro. the greek stock market has soared over the last year from a little -- from a very low base. transport workers are staging another 24-hour stoppage today. a doctor strike has left hospitals functioning with emergency staff. this comes after the greek finance minister told us that the bbc that he was expressing optimism about the growth outlook. our correspondent tells us why these workers are striking. >> the humanitarian catastrophe that has unfolded here in the last few years is very real. does bear in mind the figures -- just bear in mind the figures. it is staggeringly high unemployment. you have hospitals running out of medicine. schools are running out of textbooks. you have kids who are now having to have food vouchers in schools because their parents cannot afford to feed them. homelessness and poverty are soaring. that is the real cost of greece 's financial crisis, and it is very dramatic inedeed. >> let's move on. some of you think it's too early in the day. it's got to be 6:00 p.m. somewhere. today, half-year re
numbers and determine how the u.s. economy is doing. euro/yen 104.7 to 50. >>> japanese workers may have a few more yen in their pockets if union leaders get their way. labor and business leaders are discussing a proposed wage hike. >> translator: a wage increase is a way to ending deflation. it's time for businesses to invest in human resources and not cut corners with workers earnings. >> koga asked for an increase of wages much 1%. he said raises based on seniority should continue. the leader of the business federation opposed the union's demand. he said labor leaders are ignoring the reality of today's business climate. >> translator: this year workers and managers need to share a sense of crisis. we need to have constructive discussion. it's critical for us to do so, to ensure businesses survive and grow. people need stable employment. >> he said the current economic situation leaves no room for raising wages across the board. he said struggling firms may be forced to postpone or even cut regular raises. >>> manufacturers have long been seen as leaders of japanese industry, but a ne
are seeing a bit of strengthening right now. 88.79 for dollar/yen. euro/yen is looking at 118.55. >>> on to stocks, asian stocks mixed. nikkei down 0.4%. investors got a clearer picture of the boj's monetary policy. in terms of active trading at this time, european stocks looking to the downside right now. investors are cautious ahead of the release of bellwether u.s. corporate earnings on the day. london down a fraction. paris's cac 40 losing about 0.25% at this time. >>> shipment of flat screen televisions showed the steepest decline last month. they say 6.5 million units were shipped in 2012. that's down 67% from the year before. it was the second straight year-on-year decline. many japanese consumers bought flat screen tvs ahead of the switch over to digital broadcasting. sales have declined since then, leading to a drop if shipments. they say tv makers must develop new features or services to stimulate fresh demand. >>> that is going to wrap it up for biz tonight. let's check in now on the markets. >>> u.s. diplomats are trying to punish north korea for firing off a rocke
the dollar is faring as the market is up 84. the dollar is weaker versus the euro, but stronger versus the pound and the yen. we will be right back. [ male announcer ] ok, here's the way the system works. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "cost of financial advisors" ouch. over time it really adds up. then go to e-trade and find out how much our advice costs. spoiler alert: it's low. really? yes, really. e-trade offers investment advice and guidance from dedicated, professional financial consultants. it's guidance on your terms, not ours. that's how our system works. e-trade. less for us. more for you. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platformrom charles schwab... tdd#: 1-800-345-25 gives me tools that help mfind opportunities more easily. tdd#: 1-0-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#:
Search Results 0 to 49 of about 70 (some duplicates have been removed)